Microfinance is comparatively a new financial innovation plays an important role in extending financial access to the underserved population and promoting economic growth through inclusion of economically disadvantages population. Both Bangladesh and China have adopted microfinance to reach out and integrate their poor into the economic mainstream. Bangladesh adopted microfinance early on and has made tremendous progress in developing innovative micro-credit models, diversifying services, expanding outreach and achieving sustainability. China adopted microfinance in early nineties as the...
Microfinance is comparatively a new financial innovation plays an important role in extending financial access to the underserved population and promo...